07 August 2008
If TDS Is Deducted On Expenses Of a Month Say August Then It has To be To the Government Treasury By 7th September and if it is not deposited the expenses are disallowed? but is it So That If the payment is made till 31st march of that year then that expense deduction is allowed Plz Clarify??
07 August 2008
Yes if TDS is paid on or before 31st of the same year with simple interest @ 1% per month then the expenses will be allowed for that year.
CAclubindia
